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Financial Plan of - Mr. Suraj Chowdhury
Prepared For :
Mr. Suraj Chowdhury & Family
Mobile No : 9706039350
Prepared By :
Name :
Mobile No :
Email : [email protected]
Company : Plan My Investment
November 20, 2014
Page 1 of 29
Plan My Investment
Financial Plan of - Mr. Suraj Chowdhury
Plan Summary
Cash Flow Management
Contingency Planning
Networth Analysis
Client Assumptions Details
Dreams & Goals
Goal Analysis And Funding
Asset Allocation For New Investment (Lumpsum Mode)
Asset Allocation For New Investment (Monthly Mode)
Insurance Planning
Retirement Planning
Cash Flow Upto Retirement
Table of Contents
2
3
4
5
6
7
8
10
11
13
14
15
Disclosure
1
Asset Allocation For New Investment (Stepup Mode)12
Cash Flow After Retirement16
Disclaimer & Risk Factors17
Financial Plan Overview
9
Page 2 of 29
Plan My Investment
Financial Plan of - Mr. Suraj Chowdhury
Company Profile
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Page 3 of 29
Plan My Investment
Financial Plan of - Mr. Suraj Chowdhury
Disclosure
This document has been prepared to help you make important decisions regarding your financial future. Before reviewing the data,
alternatives and options presented in this financial plan, please note the inherent limitations associated with this information: The
content of this report is based on information provided by you. Certain assumptions have been made about future investment
performance, inflation rates, retirement benefits and other variables which are only estimates, with no assurance as to their
attainability or ultimate desired outcome.
Certain financial information contained in this plan, including the Net Worth summary and the Income and Expenses summary, was
created only to assist you and your advisor in developing your financial plan. Accordingly, it should not be relied on for purposes of
obtaining credit or portraying financial soundness or for any purpose whatsoever other than developing your financial plan.
Projections of future events are based on interpretations of existing laws, as well as assumptions that are described in the
accompanying text. Furthermore, even if the steps in this document are followed, there may be material differences between
projected and actual results because laws are updated, events and circumstances frequently do not occur as expected, and the
overall economic environment changes. Actual results may differ materially from those suggested by the forward looking statements
due to risk or uncertainties associated with, general economic and political conditions, the monetary and interest policies, inflation,
deflation, unanticipated turbulence in interest rates, foreign exchange rates, market fluctuations etc.
You are under no obligation to follow, in whole or in part any of the alternatives presented in this plan or to purchase investment,
insurance or other financial products or services through your advisor.
Illustrations of products alternatives are presented only as guidelines and represent our general understanding of the information
available to us. Any analysis of legal, taxation or accounting issues relating to your situation are for discussion purposes only and
not intended to be a substitute for professional advice in these areas. Calculations illustrating income tax concepts and deductions,
and investment gains and losses are for illustrative purposes only and are based upon hypothetical situations. Consult with a
legal/tax/accounting/financial professional to counsel you on specific topics related to your financial situation. Financial planning
strategies are presented based upon facts as stated above and on laws and regulations that are subject to change.
The financial planning strategies presented in this document are intended only as a guide and not as a comprehensive financial
plan. There may be a conflict of interest as the advice generated may result in product sales that benefit this firm.
Page 4 of 29
Plan My Investment
Financial Plan of - Mr. Suraj Chowdhury
Executive Paln Summary
Page 5 of 29
Plan My Investment
Financial Plan of - Mr. Suraj Chowdhury
Plan Summary
Name
Date of Birth
Health Status
City
Pincode
Occupation
Mobile Phone
Email Address
Self Spouse
Mr. Suraj Chowdhury
15/06/1982
Excellent
Address
Salaried
9706039350
Mrs. Anita Chowdhury
20/06/1985
Good
9709690393
Client Name Relationship Date Of Birth Health Status Financially
Dependent
AEBP2912D AEPC2811FPAN Number
Self-Employed
Mr. Rajib Chowdhury Son 01/02/2010 Excellent No
Self Spouse
Expected Retirement Age
Life Expectancy
60
80
60
80
Page 6 of 29
Plan My Investment
Financial Plan of - Mr. Suraj Chowdhury
Risk Profile :Wealth Guard
Page 7 of 29
Plan My Investment
Financial Plan of - Mr. Suraj Chowdhury
Cash Flow Management
Income & Expense
Sound investing is an appropriate focus, but not at the cost of ignoring essential cash flow
management. The flow in cash flow refers to the in and out motion of money. Those who simply earn income
and pay bills are not engaged in the process of cash flow management, that’s survival. Real cash flow
management involves understanding the components that make up where the money comes from, where it
goes, and what choices are appropriate in creating a life of greater satisfaction. It is an active process.
Income for the current year :
Monthly YearlyYearly
TotalSpouseSelf
% Of
TotalYearly
IncomeMonthlyMonthly
30,000 0Income Salary 360,000 0 30,000 360,000 86
0 0Business Income 0 0 0 0 0
5,000 0Rental Income 60,000 0 5,000 60,000 14
0 0Inc. From Inv.
(Interest)
0 0 0 0 0
0 0Inc. From Inv.
(Dividends)
0 0 0 0 0
0 0Inc. From HUF 0 0 0 0 0
0 0Other Income 0 0 0 0 0
420,000 0 35,000 0 35,000 420,000Total :
Business Income
Inc. From HUF
Inc. From Inv.(Dividends)Inc. From Inv.(Interest)
Income Salary
Other Income
Rental Income
Income Structure
Page 8 of 29
Plan My Investment
Financial Plan of - Mr. Suraj Chowdhury
Expense for the current year :
TotalSpouseSelf
YearlyMonthlyYearlyMonthly% of
Total
ExpenseYearlyMonthly
2,000 0 24,000 0 2,000 24,000House Hold 16.67
1,000 0 12,000 0 1,000 12,000Medical Expenses 8.33
1,000 0 12,000 0 1,000 12,000Lifestyle (includes
shopping, movies,
dinners etc)
8.33
0 0 0 0 0 0Travel 0.00
5,000 0 60,000 0 5,000 60,000House rent 41.67
3,000 0 36,000 0 3,000 36,000Children
Education/Depende
nt Fees
25.00
0 0 0 0 0 0Holiday Expenses 0.00
0 0 0 0 0 0Car Maintenance 0.00
0 0 0 0 0 0Other Expenses 0.00
12,000 144,000 0 0 12,000 144,000Total :
Car Maintenance
ChildrenEducation/DependentFees
Holiday Expenses
House Hold
House rent
Lifestyle (includesshopping, movies,dinners etc)
Medical Expenses
Other Expenses
Travel
Expense Structure
Page 9 of 29
Plan My Investment
Financial Plan of - Mr. Suraj Chowdhury
Committed Savings for the current year :
% of TotalYearlyMonthly
Insurance Premium 1,667 20,004 25.00
SIP 5,000 60,000 75.00
Recurring Deposits 0 0 0.00
PPF Investment 0 0 0.00
80,004 6,667Total :
Insurance Premium
PPF InvestmentRecurring Deposits
SIP
Commited Savings
Page 10 of 29
Plan My Investment
Financial Plan of - Mr. Suraj Chowdhury
Repayments :
% of TotalMonthlyLoanType Yearly
123,852Home Loan 10,321 100.00
123,852Total : 10,321
Monthly Yearly
Your Total Income :
Your Total Expenses :
Your Commited Savings :
Your Loan Repayments :
Part of your Savings available :
35,000 420,000
12,000 144,000
6,667 80,004
6,012 72,144
10,321 123,852
0K
50K
100K
150K
200K
250K
300K
350K
400K
450K
Income Expenses Cashflow
Income
ExpensesCashflow
Description
Sum
of Am
ount
Cash Flow Statement (in Rs.)
Page 11 of 29
Plan My Investment
Financial Plan of - Mr. Suraj Chowdhury
Contingencies can arise due to many reasons like Job loss, health problems, temporary Disability,etc.
Contingencies can result in reduction or stoppage of one's income. But regular living expenses need to be
taken care of anyway. So, a well thought out and planned Contingency Fund for such situations can be a
great help.A Corpus equivalent of 3 - 3 months of Living expenses plus committed outgo kept in liquid
form is highly recommended.
Emergency funds should be invested in shortterm investments such as savings, liquid funds or Bank
Deposits.
Objective
a) Maintain an emergency fund of Rs. 112,002.00 to cover 6 months worth of living expenses.
b) An emergency fund is important in the event of an unexpected job loss, reduction in income or to cover
unexpected expenses.
Current Situation
a) Analysis of Funding: You have allocated Rs. 400,000.00 to cover any unexpected expenses
Assets allocated for contingency planning :
AmountOwnerAsset NameAsset Type
Contingency Planning
Cash and Cash
Equivalent
Saving Account Suraj 400,000
18,667
6.00
112,002
400,000
287,998
Total monthly expenses
Contingency period (months)
Ideal funds req. for emergency
Fund available for emergency
Net surplus/(shortfall)
Page 12 of 29
Plan My Investment
Financial Plan of - Mr. Suraj Chowdhury
Net Worth is the difference between assets and liabilities. It is an excellent starting place for conducting a
personal financial analysis because it provides an understanding of your overall financial circumstances, a
sense of whether goals may be realistic and achievable and a benchmark for evaluating your progress.
Networth Analysis
% Of Total
Assets% of TotalAssets Amount
Debt Assets
Bank Deposits 400,000 100.00 48.83
400,000Total :
Equity Assets
Equity Mutual Fund 19,230 100.00 2.35
19,230Total :
Insurance
Endowment Surrender Value 0 0.00 0.00
0Total :
Liquid Assets
Saving Account 400,000 100.00 48.83
400,000Total :
819,230Total Assets :
Debt A ssets
Equity A ssets
Insurance
Liquid A ssets
Asset Structure
Page 13 of 29
Plan My Investment
Financial Plan of - Mr. Suraj Chowdhury
Liabilities :
Outstanding BalanceLoan Type
Home Loan 1,002,005
1,002,005Total :
Total Assets
Total Liabilities
Networth
819,230
1,002,005
-182,775
-200K
0K
200K
400K
600K
800K
1000K
1200K
Assets Liabilities NetWorth
AssetsLiabilities
NetWorth
Sum
of A
mount
Current Networth
Page 14 of 29
Plan My Investment
Financial Plan of - Mr. Suraj Chowdhury
PercentageDescription
Client Assumption Details
Personal Goal 7.00
Depedent Goal 12.00
Liquid Mutual Fund 6.00
Debt Mutual Fund 7.00
Equity Mutual Fund 12.00
Real Estate 9.00
Commodities 9.00
Inflation Rate 7.00
Expenses Growth Rate 9.00
Rental Income Growth Rate 10.00
Expected Retirement Return 7.00
Expenses Growth rate (post retirement) 7.00
Salary Growth Rate (Self) 10.00
Salary Growth Rate (Partner) 10.00
Expected Insurance Corpus Returns 7.00
Stock SIP Return Rate 12.00
Insurance Plans 7.00
Ulip Return 10.00
Step Up % 10.00
Insurance HLV Rate 10.00
Page 15 of 29
Plan My Investment
Financial Plan of - Mr. Suraj Chowdhury
The first step in personal financial planning is controlling your day-to-day financial affairs to enable you to do
the things that bring you satisfaction and enjoyment. This is achieved by planning and following a budget, as
discussed in the first part of the plan.
The second step in personal financial planning is choosing and following a course toward long-term financial
goals.
As with anything else in life, without financial goals and specific plans for meeting them, we drift along and
leave our future to chance. A wise man once said: "most people don't plan to fail; they just fail to plan."
The end result is the same: failure to reach financial independence.
Goal DescriptionYears
LeftFuture Value Priority
Present
Value
Initially
Amount
Required
Every
Year Inflation
Dreams & Goals
300,000 0 3alto 6 358,216 Medium 300,000
4,000,000 0 7flat 11 8,419,408 High 4,000,000
0 100,000 8Rajib Graduation 15 1,029,813 High 300,000
500,000 500,000 12Rajib Post
Graduation
17 10,711,024 High 1,500,000
0 0 9Retirement Goal 28 29,280,240 High 0
Page 16 of 29
Plan My Investment
Financial Plan of - Mr. Suraj Chowdhury
Your ability to maintain your lifestyle objectives for the future is determined by your current investments and ongoing savings. In analyzing your
situation we need to consider what is achievable given your current position, and how we can take best advantage of the assets you have
accumulated so far.
Goal DescriptionPresent
Value
Years
Left
Existing
InvestmentFuture Value
Net Corpus
Required
%
Goal
Fund
Net
Retrn
Lumpsum
Invesment
Monthly
Invesment
Step Up
Investment
Goal Analysis and Funding
Car Purchase 300,000 6 0 358,216 358,216 0.00 8.40 220,785 3,881 3,203
Home Purchase 4,000,000 11 685,840 8,419,408 7,733,568 8.15 8.40 3,184,621 36,513 24,279
Rajib Graduation 300,000 15 2,196,928 1,029,813 0 213.33 8.40 0 0 0
Rajib Post
Graduation
1,500,000 17 0 10,711,024 10,711,024 0.00 8.40 2,642,902 23,678 12,192
Retirement Goal 0 28 3,980,557 29,280,240 25,299,683 13.59 11.00 1,361,669 12,570 5,069
7,409,978 76,642 44,744Total :
Page 17 of 29
Plan My Investment
Financial Plan of - Mr. Suraj Chowdhury
Asset Allocation
Over time, one of the most important factors in determining the return on your portfolio is the asset allocation that represents the mix
of stocks, bonds and cash that you own.
The appropriate asset allocation can help provide diversification of your portfolio, enhance return potential, lower overall portfolio
fluctuation and position your portfolio to take advantage of developing investment opportunities.
Based on the responses to the Risk Assessment Questionnaire, your risk profile is:Wealth Builder
Based on your risk profile, we have shown below the asset allocation required to be done in order to achieve your goals.
Asset Allocation (In case of Lumpsum Inv)
Net
Ret
Endowment
PlansReal EstateDirect Equity
Equity Mutual
FundDebtGoldCashRisk ProfileGoal Name
Car Purchase Wealth Builder 66,235 22,078 66,235 66,235 0 0 0 8.40
Home Purchase Wealth Builder 955,386 318,462 955,386 955,386 0 0 0 8.40
Rajib Graduation Wealth Builder 0 0 0 0 0 0 0 8.40
Rajib Post
Graduation
Wealth Builder 792,871 264,290 792,871 792,871 0 0 0 8.40
Retirement Goal Wealth Builder 0 0 272,334 1,089,336 0 0 0 11.00
1,814,492 604,831 2,086,826 2,903,828 0 0 0Total :
Page 18 of 29
Plan My Investment
Financial Plan of - Mr. Suraj Chowdhury
Asset Allocation (In case of Monthly Inv)
Net
Ret
Endowment
PlansReal EstateDirect Equity
Equity Mutual
FundDebtGoldCashRisk ProfileGoal
Over time, one of the most important factors in determining the return on your portfolio is the asset allocation that represents the mix
of stocks, bonds and cash that you own.
The appropriate asset allocation can help provide diversification of your portfolio, enhance return potential, lower overall portfolio
fluctuation and position your portfolio to take advantage of developing investment opportunities.
Based on the responses to the Risk Assessment Questionnaire, your risk profile is:Wealth Builder
Based on your risk profile, we have shown below the asset allocation required to be done in order to achieve your goals.
Car Purchase Wealth Builder 1,164 388 1,164 1,164 0 0 0 8.40
Home Purchase Wealth Builder 10,954 3,651 10,954 10,954 0 0 0 8.40
Rajib Graduation Wealth Builder 0 0 0 0 0 0 0 8.40
Rajib Post Graduation Wealth Builder 7,103 2,368 7,103 7,103 0 0 0 8.40
Retirement Goal Wealth Builder 0 0 2,514 10,056 0 0 0 11.00
19,222 6,407 21,736 29,278 0 0 0Total :
Page 19 of 29
Plan My Investment
Financial Plan of - Mr. Suraj Chowdhury
Asset Allocation (In case of Step Up Inv)
Over time, one of the most important factors in determining the return on your portfolio is the asset allocation that represents the mix
of stocks, bonds and cash that you own.
The appropriate asset allocation can help provide diversification of your portfolio, enhance return potential, lower overall portfolio
fluctuation and position your portfolio to take advantage of developing investment opportunities.
Based on the responses to the Risk Assessment Questionnaire, your risk profile is:Wealth Builder
Based on your risk profile, we have shown below the asset allocation required to be done in order to achieve your goals.
Goal Cash GoldRisk ProfileEquity
Mutual FundDirect Equity Real Estate
Endowment
Plans
Net
RetDebt
961 320 961 961 0 0 0 8.40Car Purchase Wealth Builder
7,284 2,428 7,284 7,284 0 0 0 8.40Home Purchase Wealth Builder
0 0 0 0 0 0 0 8.40Rajib Graduation Wealth Builder
3,658 1,219 3,658 3,658 0 0 0 8.40Rajib Post
Graduation
Wealth Builder
0 0 1,014 4,056 0 0 0 11.00Retirement Goal Wealth Builder
11,902 3,967 12,916 15,958 0 0 0Total :
Page 20 of 29
Plan My Investment
Financial Plan of - Mr. Suraj Chowdhury
Retirement planning refers to the allocation of finances for retirement. This normally means the
setting aside of money or other assets to obtain a steady income at retirement. The goal of retirement
planning is to achieve financial independence, so that the need to be gainfully employed is optional rather
than a necessity. The process of retirement planning aims to assess readiness-to-retire given a desired
retirement age and lifestyle, i.e. whether one has enough money to retire and identify actions to improve
readiness-to-retire. In order to maintain your life style after retirement, you would require a regular income.
To generate this income, which will be increasing at the rate of inflation and is required to last for your
lifetime, you will need to accumulate a corpus of Rs. 29,280,240 approx at the time of retirement.
Current Age
Retirement Age/Year
Number of Years Left for retirement
Total Annual Expenses (if you retire today)
Actual expenses in 1st year of retirement
Retirement Corpus Required
Provisions Made through your exisitng investments
Net Corpus required for Retirement
Self
32
60
28
114,000
1,273,054
29,280,240
3,980,557
25,299,683
Retirement Planning
Page 21 of 29
Plan My Investment
Financial Plan of - Mr. Suraj Chowdhury
0M
4M
8M
12M
16M
20M
24M
28M
32M
Existing
Investments
Future V alue Net C orpus
Required
Existing Investments
Future V alue
Net C orpus RequiredSum
of
Am
ount
Sum of Amount
Endowment
Mutual Fund
Utilization of Existing Investments
Page 22 of 29
Plan My Investment
Financial Plan of - Mr. Suraj Chowdhury
Existing Investments used to achieve this Goal
%
ContrFuture ValueSIP UsedLumpsum UsedAsset NameAsset Type
Axis Equity Fund - Growth 19,230 1,709,977 5,000 42.96Mutual Fund
jeevan sati 512,500 2,270,581 0 57.04Endowment
531,730 5,000 3,980,558Total :
Asset Allocation for new Investments
Cash Gold DebtEquity Mutual
FundDirect Equity Endowment PlansMode
Monthly
Step Up
0 0 2,514 10,056 0 0
0 0 1,014 4,056 0 0
0 0 272,334 1,089,336 0 0Lumpsum
New Product Recommendations
SIP End DateSIP Start DateSIP Amount
Invested
Amount
InvestedProduct NameAsset Type
Page 23 of 29
Plan My Investment
Financial Plan of - Mr. Suraj Chowdhury
Insurance Planning
It is extremely important that every person, especially the breadwinner, covers the risks to his
life, so that his family's quality of life does not undergo any drastic change in case of an unfortunate
eventuality.
If we can imagine a situation where our goals are disturbed by acts beyond our control, we realize
the relevance of insurance in our lives. Insurance, simply put, is the cover for all the risks that we run
into during our lives. Insurance enables us to live our lives to the fullest, without worrying about the
financial impact of events that could hamper it. In other words, insurance protects us from the
contingencies that could affect us.
Objective:
Determine the additional capital required to meet Family's expenses in the event Mr. Suraj Chowdhury
dies prematurely.
Current Situation:
Existing Insurance Cover (a):
Sum AssuredPolicy Name
Person Assured : Suraj
jeevan sati 500,000
Total Existing Cover (Suraj) : 500,000
Total Existing Cover : 500,000
Existing Loan Outstanding (b) :
Outstanding BalanceDebt Repayment
Home Loan 1,002,005
1,002,005Total Outstaning Debt :
Essential Goals (c) :
Goal CorpousGoal Names
Rajib Graduation 283,339
Rajib Post Graduation 1,471,698
1,755,037Total Goal Corpus Required (Essential) :
Page 24 of 29
Plan My Investment
Financial Plan of - Mr. Suraj Chowdhury
Resources Available For Liquidation (d) :
Goal CorpusAsset Name
Liquid Account 400,000
Commodities 0
Real Estate 0
Mutual Fund 19,230
Stock Portfolio 0
EPF 0
SAF 0
Saving Schemes 400,000
Total Assets Available: 819,230
Amount
Present Value Of Future Expenses 7,344,000
Total additional cover required (excluding Existing Cover) (e-d+c+b) 9,281,812
Total additional cover required for Self 7,779,807
0Total additional cover required for Spouse
Expense Replacement (e) :
Page 25 of 29
Plan My Investment
Financial Plan of - Mr. Suraj Chowdhury
General Insurance Planning
This section covers analysis of your current General Insurance policies, Need Analysis of the Client
and our recommendations.
Sum AssuredPolicy NamePremium
AmountIs FloatingInsurance TypeName
Total :
General Insurance Recommendations :
Recommended
Premium AmountSum AssuredPolicy NameFirst NameInsurance Type
Total :
Page 26 of 29
Plan My Investment
Financial Plan of - Mr. Suraj Chowdhury
Net Closing
Balance
Interest On
Surplus
Net
Outflow
Goal
OutflowExpenses
Net
Inflow
Asset
Maturity
Opening
Cash FlowYear
Total
Income
Cash flow Upto Retirement
Page 27 of 29
Plan My Investment
Financial Plan of - Mr. Suraj Chowdhury
Net Closing
BalanceExpenses
Net Closing
Balalance
Retirement
CorpusYearAge
Cash Flow After Retirement
Page 28 of 29
Plan My Investment
Financial Plan of - Mr. Suraj Chowdhury
Disclaimer & Risk Factors
These recommendations are given for your benefit only and are subject to review at the time of placement of your investments
because circumstances law and economic conditions can change. If more than 30 days have elapsed since the date of this plan,
you should not act on any specific recommendation without further consideration.
· Returns from each recommended investment will vary in line with market conditions and investment policies of the fund
manager. Income and growth assumptions are intended as a guide only and should be treated with caution. No warranty is given for
the accuracy of the same. Most long equity/ growth investment are long term in nature and significant variations including capital
loss, may occur over shorter periods. Neither the authorized representative nor the company guarantees the performance or return
of capital on any of these investments. These recommendations are based on the information you have supplied. If any material
information has been withheld or any inaccurate, these recommendations could prove to be inappropriate for you.
· Tax benefits, if any, are as per the Income Tax Act, 1961, and are subject to change from time to time. Therefore the
matters relating to taxation should be cleared with your own Tax Consultant. The information contained in this plan is strictly
confidential and meant solely for the selected recipient and may not be altered in any way, transmitted to, copied or distributed, in
part or in whole, to any other person or to the media or reproduced in any form, without prior written consent.
· Nothing in this document should be construed as an investment or financial advice and nothing in this document should be
construed as an advice to buy or sell or solicitation to buy or sell the units of the schemes of any particular fund house or
securities or other financial instrument referred to in this document.
· Nothing in this plan constitutes investment, legal, accounting and tax advice or a representation that any investment or strategy
is suitable or appropriate to your specific circumstances. The securities discussed and opinions expressed in this plan may not be
suitable for all investors, who must make their own investment decisions, based on their own investment objectives, financial
positions and needs of specific recipient.
Page 29 of 29
Plan My Investment